Being Long. Index fund positions took another big hit today. Near 2% in R2K and 1% in NDX.

MRVL call options – GOT WAXED! Last I looked they were down 35% today as MRVL had a really crappy day today down 5%. They could be down a little more than that, I just don’t want to look . I saw some serious oversold signs today though so I’m holding on. MRVL has two catalysts this week. Tomorrow we find out if they made the NASDAQ delisting cut and the second is when the iPhone comes out. This stock could pop on either one of these bits so the risk reward is high imo for a short term trade.

MOBE – Got hit today like everything else.

JMBA – Frickn JMBA was up!

QQQQ call options – Took a hit, but I’m less worried about this trade.

Some charts of MRVL’s action today.

Bullish or Bearish? You decide.

Thanks for reading

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